Allison Green, the Chief Financial Officer at SuRo Capital Corp. (NASDAQ:SSSS), recently acquired 9,100 shares of the company's common stock. The transactions, which took place on December 2, 2024, were executed at a weighted-average price of $5.48 per share, near the company's 52-week high of $5.55. The total value of the purchase amounted to approximately $49,868. According to InvestingPro data, the stock has shown strong momentum with a 31% gain over the past six months.
Following this transaction, Green holds a total of 136,734 shares directly. This total includes restricted shares granted under the SuRo Capital Corp. Amended and Restated 2019 Equity Incentive Plan, which are subject to certain vesting schedules. InvestingPro analysis reveals the company maintains strong liquidity with a current ratio of 12.9, indicating robust financial health. For detailed insights and additional ProTips about SuRo Capital, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, SuRo Capital Corp. has expanded its at-the-market (ATM) offering program, with Barrington Research Associates, Inc. joining as an additional sales agent. The amendment enables the investment firm to potentially issue and sell up to $150 million in common stock through the program, with approximately $98.8 million worth of shares currently available for sale. SuRo Capital Corp. also announced its Q3 2024 earnings, revealing a strategic focus on artificial intelligence (AI) investments. The company reported a net asset value (NAV) of $157.4 million or $6.73 per share, with significant investments in AI companies such as OpenAI and CoreWeave. In the latter half of the year, SuRo Capital allocated approximately $65 million to private firms, $55 million of which went to AI-centric entities. This decision positions AI as a substantial part of SuRo's portfolio, comprising 18% of its gross assets, a figure that increases to 23% post-quarter. The company also highlighted the potential for upcoming IPOs from its portfolio companies, including CoreWeave, ServiceTitan, and Canva. Despite a decrease in NAV per share from $6.94 in Q2 to $6.73 in Q3, SuRo Capital's leadership remains confident in their current positioning and the potential for growth.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.